Math MCQ: A sum of Rs. 13360 was borrowed at 35/4% per annum compound interest and paid back in two years in two equal annual installments. What was the amount of each installment ?

A sum of Rs. 13360 was borrowed at 35/4% per annum compound interest and paid back in two years in two equal annual installments. What was the amount of each installment ?

Correct Answer: Rs. 7569

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WhatsApp+91 99922 70404Math MCQ: A sum of Rs. 13360 was borrowed at 35/4% per annum compound interest and paid back in two years in two equal annual installments. What was the amount of each installment ? | Extra Education